Malta enhances crypto regulations in preparation for EU’s MiCA


18 Sep 2023 7:00 PM

Malta's Financial Services Authority seeks public input to align crypto rules with EU's MiCA....

  • Malta's Financial Services Authority (MFSA) is revising its regulatory framework for crypto companies to align with the European Union's forthcoming Markets in Crypto Assets regulation (MiCA).
  • The proposed rule changes aim to bring Malta's regulations in line with MiCA and ensure an orderly wind-down plan for crypto providers.
  • MiCA will be the world's first comprehensive set of rules governing crypto assets in a significant jurisdiction and will allow service providers to operate throughout the EU under a single license.
  • Malta's public consultation on the proposed rule changes will remain active until 29 September.
  • The specific rule adjustments focus on exchanges, custodians, and portfolio managers operating within Malta's crypto ecosystem.

The overall sentiment of the article is positive, highlighting Malta's proactive approach to aligning its crypto regulations with MiCA and attracting more crypto businesses to the country.

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You May Ask

What is MiCA and when will it come into effect?What is the purpose of Malta's public consultation on proposed rule changes?Which entities within Malta's crypto ecosystem will be affected by the specific rule adjustments?Why is Malta keen on harmonizing its crypto regulations with MiCA?What benefits does Malta offer to crypto companies and investors?

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